白银有色(601212) - 2019 Q3 - 季度财报

Financial Performance - Operating income for the first nine months was ¥41.65 billion, representing a growth of 2.18% compared to the same period last year[5]. - Net profit attributable to shareholders of the listed company was ¥7.87 million, a recovery from a loss of ¥245.96 million in the previous year[5]. - The company reported a net profit of CNY 572,143,746.87 for the first nine months of 2019, a turnaround from a loss of CNY 41,246,794.95 in the same period of 2018[25]. - Q3 2019 net profit was ¥32,664,305.08, compared to a net loss of ¥94,422,142.19 in Q3 2018[27]. - The total comprehensive income for Q3 2019 was ¥600,450,347.53, compared to a comprehensive loss of ¥152,352,679.25 in Q3 2018[32]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥47.37 billion, an increase of 3.67% compared to the end of the previous year[5]. - Total liabilities as of September 30, 2019, were ¥32,783,794,231.86, a slight decrease from ¥32,897,666,300.45 at the end of 2018[22]. - The company's total assets decreased by 39.98% in current liabilities, amounting to 2,743,699,154.43 RMB, mainly due to a reduction in long-term borrowings due within one year[15]. - Total liabilities amounted to CNY 23,482,260,954.29, slightly up from CNY 23,293,944,823.79, indicating a year-over-year increase of about 0.8%[24]. - The company’s total liabilities to total assets ratio stands at approximately 68.4%, indicating a high leverage position[46]. Shareholder Information - Net assets attributable to shareholders of the listed company amounted to ¥12.05 billion, reflecting a significant increase of 24.76% year-on-year[5]. - The total number of shareholders at the end of the reporting period was 163,545, indicating a stable shareholder base[9]. - The top ten shareholders held a combined 70.13% of the shares, with the largest shareholder, CITIC Guoan Group, holding 30.39%[9]. Cash Flow - Net cash flow from operating activities for the first nine months increased by 54.86% to ¥2.02 billion compared to the same period last year[5]. - Cash flow from operating activities generated a net inflow of ¥2,024,832,624.31, compared to ¥1,307,561,356.26 in Q3 2018, representing an increase of approximately 55%[33]. - The net cash flow from investing activities was -CNY 814,169,093.70, showing a slight improvement compared to -CNY 856,226,807.26 in the same period last year[34]. Production and Sales - The company's copper, zinc, and lead product output totaled 340,600 tons, a year-on-year increase of 3.56%, with cathode copper production at 86,400 tons, down 28.77%[12]. - The sales volume of copper, zinc, and lead products was 670,600 tons, a year-on-year decrease of 21.11%, with copper sales at 378,100 tons, down 23.29%[13]. - The production of sulfuric acid reached 743,500 tons, reflecting a year-on-year increase of 5.42%[13]. Investment and Expenses - The company’s investment income showed a loss of 203,623,134.74 RMB, worsening from a loss of 128,829,232.98 RMB in the previous year[16]. - Research and development expenses increased to CNY 3,229,616.95 in Q3 2019 from CNY 2,618,499.87 in Q3 2018, marking an increase of about 23.3%[26]. - The company incurred financial expenses of ¥254,731,801.29 in Q3 2019, compared to ¥317,938,612.15 in Q3 2018, reflecting a reduction of about 20%[31]. Other Financial Metrics - The weighted average return on net assets improved to 0.07%, an increase of 2.55 percentage points from -2.48% in the previous year[6]. - Basic earnings per share for the period was ¥0.001, recovering from a loss of ¥0.035 per share in the previous year[6]. - The company’s other comprehensive income improved by 46.60%, recovering from a loss of 3,838,338,593.41 RMB to -2,049,643,723.88 RMB[15].